Arax Advisory Partners increased its holdings in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Free Report) by 194.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,963 shares of the company’s stock after purchasing an additional 104,937 shares during the period. Arax Advisory Partners’ holdings in Vanguard Tax-Exempt Bond ETF were worth $7,994,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its position in Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock worth $25,000 after purchasing an additional 425 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $25,000. United Financial Planning Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new position in Vanguard Tax-Exempt Bond ETF in the third quarter worth about $37,000. Finally, Ransom Advisory Ltd acquired a new position in Vanguard Tax-Exempt Bond ETF in the fourth quarter worth about $50,000.
Vanguard Tax-Exempt Bond ETF Price Performance
NYSEARCA:VTEB opened at $50.30 on Friday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $48.46 and a 12-month high of $51.18. The firm has a 50-day moving average price of $50.20 and a 200 day moving average price of $50.35.
Vanguard Tax-Exempt Bond ETF Profile
The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.
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